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solve complete qs in DOCS form (typing form) as soon as possible. URGENT HELP REQUIRED! Ill surely give u thumbs up Question 9 Hidayah Sdn

solve complete qs in "DOCS form" (typing form) as soon as possible. URGENT HELP REQUIRED! Ill surely give u thumbs up image text in transcribed

Question 9 Hidayah Sdn Bhd (HSB) is selling and distributing furnitures from Italy. Here is the information relating to accounts receivable for the year ended December 31st, 2016. Accounts receivable balance as at 31st December 2016 before written off bad debts). RM24,500 The total amount written off in the year ended 31st December 2016 RM650 REQUIRED: a) Prepare journal entries to record the write-off. Assume HSB using direct write-off. B) Prepare journal entries to record the write-off and adjustment entries of allowance for doubtful debts at the end of the period. Assume HSB is using an allocation of 2% of the accounts receivable balance and the account balance of allowance for doubtlul debts before written-off is RM450

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